While April 19 is the national Tax Freedom Day this year, there’s huge variance when any individual will reach that point. Generally speaking, the more you earn, the longer you work into the year before getting there.
Where you live makes a difference, as well. For instance, in Louisiana and Alaska (which tied for first), residents marked Tax Freedom Day on April 4. Alabama, Oklahoma and Tennessee tied for second with a date of April 5.
If you live in a high-income, high-tax state, look out.
In New York, which ranks dead last in the ranking, the day doesn’t hit until May 14. Residents of Connecticut, New Jersey and Washington, D.C., were just ahead of the Empire State with a freedom date of May 3.
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